world π¨ US sanctions 4 Indian firms over Iran trade
The US sanctioned four Indian companies and three nationals for involvement in Iranian petroleum and petrochemical trade. This action was taken against entities in India under the 'Operation Economic Outcast' campaign. Specific companies and individuals were targeted over alleged transactions dating from May 2023 to June 2025. Washington aims to restrict revenue supporting Iran's military and terrorism activities globally. These sanctions could potentially strain the US-India relationship and complicate trade for Indian exports. πΈ